Sawlog prices have fallen faster in Europe than in the rest of the world for the past 18 months, with the ESPI Price Index reaching a five year low in the 3Q/15, reports the Wood Resource Quarterly

The European Sawlog Price Index (ESPI) has declined by almost seven percent in 18 months and in the 3Q/15, was at its lowest level in five years, according to the Wood Resource Quarterly. Since early 2014, sawlog prices in Europe have fallen faster than in most other lumber-producing countries around the world.

Hakan Ekstrom, Wood Resource Quarterly